What they says about us

Herman Van Rompuy

Herman Van Rompuy

Former President of the European Council

"Europe needs strong, solid and diverse financial institutions. They should provide credit and services to the small and medium-sized companies. Citizens need to regain trust in the stability of our financial institutions and in their ability to provide credit for their projects. Co-operative banks play an important and special role in meeting these objectives, especially at a time when economic uncertainty and economic adjustment make financial  intermediation more difficult, but also more necessary."

(Video-message to the  5th Convention on Co-operative Banks, December 2012)

Ban Ki-moon

Ban Ki-moon

United Nations Secretary-General

"Co-operatives help advance a vision that embraces social objectives and puts people at the centre. This values-driven approach has proved its ability to benefit both performance and the security of cooperative members. The resilience of financial co-operatives during the global economic crisis is the latest case in point.  We were heartened by the performance of European Co-operative Banks, which experienced remarkably limited losses. This resilience surely helped to protect the assets and safety nets of many members who might otherwise have experienced greater suffering and uncertainty."

(Statement for the  5th Convention on Co-operative Banks, December 2012)

Gianni Pittella

Gianni Pittella

President of the Group of the Progressive Alliance of Socialists and Democrats & Member of the European Parliament

"Co-operative banks are the main financing partners of SMEs and provide financial services across all the regions of Europe. In that way they are contributing to the economical development of the very diverse European regions. They are essential actors in order to provide,an access to credit for many local players."

(Speech at the Second EACB Day with Academics and Stakeholders, April 2013)

Patrizia Toia

Patrizia Toia

Member of the European Parliament, Member of the Committee on Industry, Research and Energy

"Co-operative banks have grown, kept credit flowing especially to small and medium-sized enterprises, and remained stable across regions of the world while indirectly creating employment. Their contribution is crucial. It is their unique combination of member ownership, control and benefit that is at the heart of their resilience and that provides a series of ad- vantages over its competitors."

(Speech at the Second EACB Day with Academics and Stakeholders, April 2013)

Sven Giegold

Sven Giegold

Member of the European Parliament, Member of the Committee on Economic and Monetary Affairs

"Co-operative banks contribute significantly to vibrant local economies and to increase access to finance in remote areas. They demonstrated crisis resilient compared to other banking models. In short they are an asset for Europe and banking regulation should take into account their specific structure and governance to ensure that they are not hindered by regulation aimed and designed for commercial banks. If co-operative banks were to adapt to the functioning of commercial banks in order to remain viable, this would imply very high social and systemic costs for Europe."

 
(Speech at the First EACB Day with Academics and Stakeholders, April 2012)

Marc Tarabella

Marc Tarabella

Member of the European Parliament, Member of the Agriculture and Rural Development Committee.

"There is a lot to say about the banking sector. There are co-operative banks and their stakeholders are doing well despite the current difficult economic situation. Co-operative banks aim for the common good of society, for the real economy. They are also active in the micro-credit field." (Conference Social Business, 2011)

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